Disney unveils new theme park expansions part of $60B plan

Disney (DIS) gave fans a glimpse into the next few years as it announced major expansions to its theme parks. The multinational entertainment company is planning a Villiains Land in its Magic Kingdom park, alongside additions including the Cars franchise, Encanto, and Indiana Jones. Hollywood Studios will be getting a Monsters Inc. Land, and California's Disneyland park will see more Avengers and Avatar attractions.

Yahoo Finance Senior Reporter Alexandra Canal breaks down the new improvements and what it means for Disney as it showed to be struggling with weak park demand, according to its latest earnings.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Melanie Riehl

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Video Transcript

Well, Disney villains are getting a new home Disney giving fans a glimpse into the next few years with some big announcements including a slew of theme park expansions headlined by the land for villains, which is going to be inside of Magic Kingdom.

Yahoo finance's Alexandra Canal has the details and alley.

The big reason that we're covering this is because of the slow down or maybe some of the weakness that we are starting to see within the parks business.

Yeah, absolutely.

And that is something that we saw in the latest earnings report, which I will get to you in a bit, but you mentioned the land of villains and this is that stood out to me, I mean, some cruella deville hangs of the Magic Kingdom.

I'm certainly down for that, but it wasn't the only announcement out of the 23 which is the expo Disney host every two years or so.

That gives fans a taste of what's to come outside of the land of villains.

The cars franchise will also be heading to the Magic Kingdom along with in Canto and Indiana Jones.

Now, some of these projects are slated for a debut by 2027 for others still a TBD.

But Disney said it will be part of the largest ever expansion of the Magic Kingdom.

Meanwhile, over at Hollywood Studios, we have Monsters Inc Land joining the lands of Toy Story and Star Wars.

While more Avengers and Avatar attractions are set to come to California's Disneyland Parks.

Now remember Disney previously announced plans to invest $60 billion into its theme park business over the next 10 years.

But investors have remained cautious.

As you said, China, that park demand slowing in that earnings report that we got last week.

Disney reported a 6% year over year decline in domestic operating income.

The company also warned that demand moderation, it could continue over the next few quarters that led to a drop in Disney share price as a weakness in parks dented and otherwise positive report there.

So Disney certainly hoping that these new attractions and parks can reinvigorate some of that demand, but as the US economy slows.

So does that discretionary income.

So it could be a bumpy few quarters ahead for this company.

Despite all of the announcements, Disney shares this morning are trading roughly flat.